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Tips for Managing a Global Supply Chain

global supply chainsIf you are growing your business internationally there is likely to be some key obvious requirements and changes your organisation will need to go through including a larger facility, more staff, increased marketing plus more overseas business trips.

As well as these obvious changes there are some more hidden internal changes that need to take place and one key area in your supply chain management. Your success as an international business will rely heavily on keeping pace with your supply chain.

The following are a few tips for developing successful global supply chains:

Gain local insights through local knowledge

local supply chain knowledgeFinding local partners that have a deep and full understanding of the local markets will be key to developing your brand internationally.

The right local support can help you in many key business areas from finding the right suppliers, transport links, business consultant and negotiating legal and tax requirements.

Investing in the right IT solutions

supply chain IT solutionsYou simply can’t be everywhere at once so having access to accurate data is going to be key in controlling your global supply. From budget numbers to operational goals, having the right data at your figure tips will make all the difference.

The right supply chain software platform is ensure you stay on track and can also cut costs, support growth, and increase your return on investment.

Value and diversify suppliers to reduce risk

global supplierHaving a great relationship with your global supply chain partners really makes for a much smoother ride for everyone including better negotiations, production and delivery.

As well as developing positive supplier relationships it is also a good idea to follow the proverb of not putting all your eggs in one basket by having a number of suppliers to reduce your supply chain risk.

 

Developing your business internationally can bring great benefits as well as challenges, but with the right partners and supporting systems you will find developing globally much easier.

Total Logistics are independent supply chain consultants operating logistics and supply chain projects all over the world. They are perfectly positioned to help business expand their operations into global markets for more information visit www.total-logistics.com

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